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According to some observers, the latest expansion in the Fed’s balance sheet is not outrightly stimulative like the one seen following the coronavirus-induced crash of 2020.
The Lazarus Group was behind the $625 million exploit of Axie Infinity’s Ronin network in March 2022.
The wealth management industry globally is very light in both bitcoin and gold, one observer said.
SHIB prices were down 10% in the past 24 hours, data shows.
ALSO: CoinDesk’s Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week.
The widely-tracked ratio measures ether’s market capitalization in relation to the value of onchain transactions processed on the Ethereum network.
Some market observers say bitcoin’s recent price movements were largely driven by investors looking for alternative assets to park their funds amid a banking clampdown in the U.S.
USD Coin holders are not rushing back to holding the token just yet.
ALSO: Two prominent crypto executives say the industry must learn from the failings of Signature, Silicon Valley and Silvergate banks if it hopes to develop productive banking relationships. Ether and other cryptos also rise.
USDC depegged over the weekend to 89 cents, and a Buterin-labeled wallet may have bought the dip.